11/22, 1:40pm

VideoSurf bought out by Microsoft for millions

Software giant Microsoft has purchased VideoSurf, a company that developed a way to search for video clips online. The deal is believed to be worth tens of millions of dollars, though the exact number isn't revealed. VideoSurf did raise $28 million from former US President Al Gore, Facebook COO Sheryl Sandberg, Verizon Investment Fund, Pitango Venture Capital, Orbotech, founder Hanan Gilutz, and SurveyMonkey CEO David Goldberg.